Cash flow into separate account?

[Jeff Oberts]

Hello, do you separate your cash flow into a separate account from your reserves for repairs, cap ex etc?

Thank you,

Jeff

[Brandon Ingegneri]

Typically, all of my rents get deposited into one account.  All quick turn around properties go into another account.  I take a percentage out of everything for taxes which goes into another account.  From my rents, I pay myself each month.  All remaining money accumulates in the main account from there and pays expenses, etc. It makes bookkeeping much easier if everything passes through one account

In total I have 4 main accounts that I use.  

1. Operating account

property taxes and cap ex are paid out of this account also.

2. Tax account (IRS, not property)

3. Flip money account

4. Security deposits